# What Wheels Up’s Adjusted EBITDA Actually Means and Why the FAA’s 135 List Problems Matter

Page: https://stenobird.com/podcast/the-vip-seat-private-aviation-news-7163226/what-wheels-up-s-adjusted-ebitda-actually-means-and-why-the-faa-s-135-list-problems-matter
Text version: https://stenobird.com/podcast/the-vip-seat-private-aviation-news-7163226/what-wheels-up-s-adjusted-ebitda-actually-means-and-why-the-faa-s-135-list-problems-matter.md
Podcast: [The VIP Seat: Private Aviation News](https://stenobird.com/podcast/the-vip-seat-private-aviation-news-7163226)
Published: 2026-02-24T12:00:00+00:00
Episode link: https://api.riverside.com/hosting-analytics/media/2d82b5e90696d970e5824845bd818f460cccf044a60f85ed55736da619779db7/eyJlcGlzb2RlSWQiOiI2OWNlZTg3Ni0wZjUzLTQ3YzAtYjdmNi03NmZkYWUwYWY2NzEiLCJwb2RjYXN0SWQiOiJiNjExZjA1OC01MDMyLTRkNDQtYWIxYi00ZjY1MGYxOWVkMDMiLCJhY2NvdW50SWQiOiI2NmI2MjRiNDY0M2RjMGVlNmYyM2Q2ZTkiLCJwYXRoIjoibWVkaWEvY2xpcHMvNjk5Y2ZkMmM2OTMwNDBiMTQ1OGM5NGEyL2plc3NpY2EtbmFvcnMtc3R1ZGlvLWNvbXBvc2VyLTIwMjYtMi0yNF9fMi0yMS00OC5tcDMifQ==.mp3
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Duration seconds: 1769

## Resource

The conversation delves into the financial reporting of Wheels Up, the challenges of analyzing aviation news, and the errors in the FAA's list of part 135 operators. It also touches on the impact of social media on industry decisions and the upcoming event by Embraer Executive Jets. Takeaways Adjusted EBITDA reporting can be misleading Challenges in vetting operators due to FAA errors The influence of social media on industry decisions Chapters 00:00 Wheels Up Earnings and Adjusted EBITDA 05:34 Errors in FAA's List of Part 135 Operators 13:15 Impact of Social Media on Industry Decisions 30:05 Upcoming Event by Embraer Executive Jets

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## Transcript

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